SHLS - Shoals wins contract to supply 10 GW of Big Lead Assembly solutions

2023-06-12 12:35:53 ET

Shoals Technologies ( NASDAQ: SHLS ) +8.6% in Monday's trading after saying it signed a master supply agreement with Blattner Company to deliver 10 GW of its Big Lead Assembly and systems solutions over the next two years; financial terms were not disclosed.

Shoals ( SHLS ) said deliveries for projects have begun, with an expected completion by Q2 2025.

"This commitment signifies much more than a 10 GW agreement. It is a commitment to domestic manufacturing, fostering the creation of American jobs that directly impact the local economies in which we operate," Shoals ( SHLS ) Chief Revenue Officer Ben Macias said.

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